Emerson Electric Co. $EMR Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,793 shares of the industrial products company’s stock after acquiring an additional 565 shares during the quarter. Advisors Capital Management LLC’s holdings in Emerson Electric were worth $8,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Emerson Electric in the fourth quarter valued at $25,000. Vega Investment Solutions acquired a new position in Emerson Electric in the fourth quarter valued at $27,000. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter valued at $25,000. Ameriflex Group Inc. acquired a new position in Emerson Electric in the fourth quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Emerson Electric in the first quarter valued at $27,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EMR shares. JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Stephens boosted their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. KeyCorp boosted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.39.

Emerson Electric Trading Up 3.0%

NYSE:EMR opened at $137.66 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The business’s 50-day simple moving average is $137.43 and its 200 day simple moving average is $122.71. The stock has a market cap of $77.48 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 45.38%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.